Shares of Nvidia (NVDA) continue trade higher intraday on Thursday after the company posted its fourth-quarter earnings results on Wednesday, which beat many expectations on Wall Street. In addition to their positive trading, several chip makers in the sector also saw their stock price increase, including Advanced Micro Devices (AMD) and Super Micro Computer, Inc. (SMCI) which is up over 30% ahead of the day's market close. Yahoo Finance Markets Reporter Josh Schafer discusses the surge in the AI rally coming off of Nvidia's earnings and what it could mean for markets moving forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Nvidia shares surged after the chipmaker's better-than-anticipated earnings report, as its CEO said generative AI has hit a "tipping point."
The Dow and S&P 500 hit highs as Nvidia and AI stocks surged, but this risk is returning. Carvana led earnings movers late.